Reasons why it's smarter to bet on esports on tax-free betting sites

In recent years, the world of gambling has undergone a shocking transformation with the rise of esports betting. Esports, or competitive video gaming, has gained huge popularity worldwide, and betting on it also attracts a dedicated fan base and significant financial investment.

With the growing popularity of Esports betting, many enthusiasts have turned to tax-free betting sites to place their bets. In this article, we explore the reasons why it is smarter to bet on e-sports on these particular tax-free platforms.

The international appeal of Esports

The popularity of Esports has managed to transcend geographical boundaries and attract millions of fans around the world. Unlike traditional sports, esports events are not limited to specific regions or countries, although the biggest tournaments are usually held in a physical location to avoid the online lag.

In any case, the global appeal of the game ensures a constant flow of smaller tournaments and competitions over the net all year round. So there are always plenty of opportunities for bettors to go for extra cash winnings.

Tax-free winnings by far the biggest advantage

By far the biggest advantage of using tax-free betting sites and casinos is, of course, the absence of tax on winnings. In our country, we are used to the idea that gambling on the services of a domestic monopoly is always tax-free. So the natural wish is that this should also be the case when heading for international markets.

Not all readers are probably even aware that taxable gaming sites are available abroad, as they are. Ultimately, it all depends on where the casino or betting site providing gambling services has obtained its licence. The casino licence is also known in the industry as a licence.

Licences are issued by a large number of authorities in the international gambling industry. In Finnish terms, the best authority is one that has its office within the borders of the European Economic Area or the European Union. In short, we may also talk about EU licences.

Online casinos operating under an EU licence pay their taxes to Europe. Domestic gambling legislation, on the other hand, dictates that the customer does not have to dig his own hole. The situation is different for casinos licensed in, say, the UK jurisdictions and the tax haven of Curacao. There is no free movement of persons and the winnings are not tax-free. You can find tax-free casinos for sure at tax-freenetcasinos.net. Any winnings you make will stay in your own pocket, instead of falling into the jaws of a greedy taxman.

Tax-free casinos and betting sites among the safest in the industry

It is a common mistake to think that the only benefit of tax-free casinos is the tax exemption on winnings. But it's not quite that simple: having an EU licence says more about an online casino than that.

Politically speaking, the EU is a very precise and strict set of standards. Whereas in Asia, for example, many countries are relatively separate, Europe is a much more unified entity. Countries within the EU therefore have broadly similar policies and perceptions of right and wrong, and what is allowed and not allowed. For these reasons, EU-licensed casinos are, from a domestic point of view, subject to the same level of supervision as they should be - strict and without unnecessary leniency.

In order to obtain the necessary licences from the competent gaming authority within the EU borders, an international online casino or esports betting site must be able to prove that its activities are legal and morally sound. Currently, casinos that are tax-free for Finns are licensed only by the Estonian Tax and Customs Board and the Malta Gaming Authority. Both are under pressure from the EU to ensure that the casinos on their rosters remain in the Lord's good graces, so to speak.

EU casinos go through a very rigorous application process before a licence is granted. Among other things, individual operators must be able to prove that their criminal records are relatively clean and that they have the financial capacity to operate. Non-EU casinos, on the other hand, may in the worst case be run by former financial criminals who may run out of money before customers have been paid.

Of course, in principle, there is at least some effort to ensure that there is and remains at least some sort of standard outside Europe. Even so, the most relaxed places to spend your time are the tax-free esports sites.

Payment options for domestic tastes

Tax-free gaming sites prioritise convenience by offering their customers payment options that are convenient and easy to use. Of course, easy-to-lose cash is not available online.

Traditional methods such as e-wallets, debit cards, Paysafecard and domestic online bank transfer services are among the options available at tax-free casinos. The flexibility of payment methods ensures that bettors can easily deposit and withdraw funds whenever they feel like it.

Taxable casinos are not always so much designed for Finnish tastes, so the choice of payment methods can be a little more exotic than usual for us.

Summary

In the end, the appeal of the fast-growing tax-free esports sites is not only based on the fact that the winnings are clean. Security plays a fairly equally important role. It is unlikely that any bettor would want to increase the risk of gambling further by playing on a site that cannot be trusted 100% to be honest. Fortunately, as long as we stay within EU borders, there should be no concern about these issues.

If you're interested in betting on interesting esports events and encounters, it's worth doing so on a site that pays out winnings cleanly, without any extra frills or vagueness.